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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (27730)	3/28/2010 2:35:17 PM
From: pcstel	Read Replies (1) \| Respond to of 29986

That's why I was panicking in 1997, 1998, 1999 when all sorts of crazy people were planning on launching constellations. It was obvious to me that there was NOT room for everyone. Well, if you examined the National Broadband Plan. You will notice that the FCC also believes that there is not a big enough market for multiple MSS providers. The FCC has basically targeted the 2Ghz MSS spectrum and companies to fail, and their spectrum to be repurposed back to the terrestrial pool. (Note to self Maurice... This is an important development) In the end.. There will only be two, and probably only one MSS provider!! The price of the product at auction is not determined by the costs of buying land, building a glass house, planting and tending a crop, harvesting it, taking it to market and selling it. The price is how much buyers will pay. Globalstar made the big mistake of thinking their tomato crop was automatically worth a lot just because it cost a lot to produce. No Maurice.. You made the mistake of believing that the purpose of Globalstar was to actually create value for it's shareholders. The purpose of Globalstar was to use public funds to stuff Qualcomm and Loral with "high margin" development and production contracts to enrich the founding companies. Much like Motorola and iridium. The price of the tomatoes to the consumer was never a concern. Only filling the coffers of their respective companies with cash. As it turned out. The Weazel™ and Loral actually got most of the cash, and left Qualcomm with well over Half a Billion dollars in IOU's that became near valueless in Bankruptcy. The Weazel™ was telling you that "Everything is going according to Plan"... And it was.. At least according to The Weazelz™ plan as the wheelbarrow's of the last reaming cash were being wheeled out the back door for payment for spare satellites that would never be built, let alone launched, without those far-reaching personal indemnifications. Leaving Qualcomm and yourself.... unfortunately....Holding the Bag, ... So to speak.. PCSTEL